The ratio rose from 80.4% at the end of 2020 and was up from 65.8% 12 months earlier.

In absolute terms, state debt reached HUF 39.11 tln at the end of Q1.

Hungary's constitution stipulates that year-end state debt relative to GDP must decline until the ratio reaches 50%.

Lawmakers approved amendments to the 2021 budget in May that target a decline in the year-end state debt level to 79.9%.